Advisory Board

OpRisk North America 2019

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Kevin Greenfield

Deputy comptroller for operational Risk

Office of the Comptroller of the Currency

Kevin Greenfield is the Deputy Comptroller for Operational Risk at the Office of the Comptroller of the Currency (OCC).

In this role, Mr. Greenfield oversees development of policy and examination procedures addressing operational risk, bank information technology, cybersecurity, critical infrastructure resilience, payments systems, and corporate and risk governance. He assumed these responsibilities in November 2019.

Prior to this role, Mr. Greenfield served as the Director for Bank Information Technology for the Operational Risk Division where he managed a team responsible for developing, communicating, and interpreting policies for the OCC's supervision of technology operations at financial institutions. He represented the OCC on several interagency groups that focus on coordination and development of information technology risk management supervisory guidance for such topics as information security, resiliency, technology operations, corporate governance, and independent risk management.

Prior to being named Director for Bank Information Technology in 2014, Mr. Greenfield spent 14 years with the OCC's Large Bank Supervision Department, where he gained experience examining large and complex technology operations at several of the largest U.S. financial institutions. In this role, he held various technology supervision roles at large financial institutions based in Pittsburgh, Charlotte, and New York City.

Mr. Greenfield is a graduate of the University of Dayton and holds the Certified Information Systems Auditor professional certification.

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Kathleen M Stack

US head of operational risk policy & framework

HSBC NORTH AMERICA

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Tom Kartanowicz

Regional CISO

Commerzbank AG

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Deborah Hrvatin

Chief risk officer

CLS Group

Deborah Hrvatin is a Managing Director and the Global Head of Institutional Clients Group (ICG) Operational Risk Management at Citigroup, reporting to the ICG Chief Risk Officer. Deborah is responsible for improving risk management, strengthening controls, and enabling profitable growth within risk appetite. Deborah joined Citigroup in July 2017 from Deutsche Bank where she most recently was Managing Director and Head of Operational Risk for the Americas and the Global Corporate Finance division. During her 21 year tenure at Deutsche Bank, Deborah held numerous other roles including Head of Operational Risk for the Corporate Banking and Securities division where she was responsible for developing and implementing the division's operational risk management, supervision and information security framework. Deborah also held leadership roles within the business, including Chief Operating Officer for Deutsche Bank's Global Securitization Group.

Prior to joining Deutsche Bank in 1999, Deborah was an Equities Controller with Bankers Trust Company and also served as a Commissioned Bank Examiner with the Federal Reserve Bank of New York. 

Deborah received her BBA and MBA in International Finance from Hofstra 
University.

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Flora Sah

CRO, data technology and enterprise initiatives

Bank of America

Flora Sah is the Chief Risk Officer for Global Risk Management at Bank of America. She is the lead risk partner and central delivery conduit, responsible for driving ownership, execution, and oversight between the technology teams and the horizontal risk functions to provide a holistic view of all risks and create robust future state strategy and implementation roadmap.

Before joining Bank of America, Flora was the executive advisory council at Gerson Lehrman Group, responsible for business advisory and technology consulting. Prior to that, Flora held multiple leadership roles at State Street Corporation, including COO of Enterprise Risk Management, Head of Risk & Regulatory Technology, and CTO & Head of Vendor Risk Management. Before joining State Street Corporation, Flora spent several years at Cambridge Technology Partners where she led consulting practices in financial services, retail, and healthcare industry.

Flora holds a M.S. in Engineering Management from Northeastern University and a B.S. in Industrial Engineering and Information Systems from the University of Massachusetts at Amherst.

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Dolores (Lori) Miller

Head of operational risk

AIG Investments

Dolores (Lori) Miller, CFA is Managing Director, Head of Operational Risk for AIG Investments. Lori is responsible for executing the Operational Risk framework for Investments including RCSAs, risk assessment, and governance. Lori works to promote a proactive risk culture through key processes around new business, model risk, and risk event reporting.
Prior to joining AIG, Lori was Head of Client & Operational Risk for Deutsche Bank GTB Americas region with responsibility for the development and implementation of methodologies, processes, and tools to measure, report, and mitigate key operational risks and emerging risk. Prior to Deutsche Bank, Lori was the Head of Bank Operational Risk Oversight for the Americas region at Credit Suisse. Before her Operational Risk roles, Lori was Managing Director and Head of Asset Management at AMBAC; head of Taxable Fixed-Income portfolio management at American Express; and was a private placement portfolio manager with AIG. Lori has her Bachelors in Finance and her MBA in Finance from The Ohio State University, and is a CFA.

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Neil Roth

Chief operational risk officer

Santander Investment Securities U.S.

Neil Roth is the Chief Operational Risk Officer for Santander Investment Securities U.S. and Banco Santander S.A. New York, where he oversees Operational Risk, Third Party Risk, and Business Continuity Management in the second line of defense. He previously held senior operational risk positions at RBC where he was Head of Operational Risk for Combined U.S. Operations, MUFG Securities where he was the Deputy International Head and U.S. Head of Operational Risk, and Fortis where he was U.S. Head of Operational Risk. He was featured on the cover of the July 2013 edition of "Operational Risk & Regulation Magazine." Mr. Roth graduated from Brown University with a double-major in Philosophy (cum laude) and Economics. He resides in Westchester with his wife and two children.
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Raj Manian

Chief risk officer

MUFG Trust

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Bala Ayyar

Managing director, chief data officer - Americas

Societe Generale

Born and brought up in Mumbai India, Bala Ayyar has worked in the field of Finance & Accounting and Banking for more than thirty years. Bala holds professional accounting qualifications from both India and the United States. He has an undergraduate degree in mathematics from the University of Mumbai.
Since joining SG in 2009, he has held a range of positions. Currently, he is the Chief Data Officer, SG Americas, with responsibility for data management and governance within the Region. This function is responsible for implementing the requirements of BCBS 239, establishing sound data governance framework that meets Group needs and local supervisory expectations and creating a solid platform for the data to be leveraged for strategic business decisions. Prior to that, he headed up the Project Management Office for the SG US Transformation project. Roles before that included Head of Finance Offshoring in SG Bangalore and Deputy CFO of the Americas Region of their Corporate & Investment Bank.
Prior to joining SG, Bala was with the Imperial Bank of Commerce (CIBC) for fourteen years in a range of positions in Toronto and New York. As Senior Vice President of the Wholesale North America Finance, he headed up the controllership function for CIBC's World Markets and Treasury & Risk Management Strategic Business Units within North America. With a total team of about 175 individuals across Toronto and New York, he was responsible for establishing a SOX-compliant industry-leading Finance control environment as well as supporting the efficient execution of business initiatives and managing the Finance related US regulatory relationships during a very demanding period. Prior to that, he also had stints as the business-line controller for the Bank's US origination businesses (Corporate Lending, Investment Banking, Merchant Banking, Structured Finance and High Yield), as well as the 2/ic to the Chief Accountant, with responsibility for consolidated financial, management and regulatory reporting at the corporate level.
Prior to CIBC, he was with the public accounting firm of KPMG for 10 years, mostly in Bahrain in the Middle East. He held a range of positions culminating in Senior Manager. Responsible for assurance and consulting engagements for offshore banks, focused on technical excellence, customer satisfaction and practice profitability. He was the Engagement Senior Manager for the region's second-largest bank and also played a key role in setting up a Treasury consulting specialization within KPMG Bahrain.
Bala Ayyar lives in Basking Ridge, New Jersey, is married with two children and enjoys long-distance running.

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Gaurav Shukla

MD, regulatory affairs

Morgan Stanley

Gaurav Shukla is a Managing Director of Morgan Stanley and currently leads the Regulatory Affairs Strategy Implementation team which overseas capital, liquidity, and markets related industry reforms as well as regulations; the current list of key programs is as follows:

  • IBOR Transition
  • Uncleared Margin Rule
  • SEC Securities-based Swap Dealer Rule
  • Qualified Financial Contract Remediation
  • Single Counterparty Credit Limit

Gaurav joined Morgan Stanley in June 2008 and has been in a number of different positions over the last 10 years:

  • During 2014-16, Gaurav had relocated to Tokyo to join the Board and Management Committee of “Mitsubishi UFJ Morgan Stanley PB Securities”, a Wealth Management joint venture between Morgan Stanley and MUFG for high net worth clients. 
  • During 2010-14, Gaurav ran strategy for International Wealth Management (“IWM”) and his key contributions were negotiating and executing four different sale processes for sub-scale IWM businesses across the UK, UAE, Italy, Switzerland, and India.
  • During 2008-10, Gaurav ran global Private Wealth Management (“PWM”) strategy and led creation of banking capabilities for PWM Asia (PWM Asia business has been retained under Institutional Equities as of Jan 2013).

Prior to joining Morgan Stanley, Gaurav has worked in corporate strategy and execution roles across McKinsey, Merrill Lynch, and Citi Private Bank.  Gaurav earned a Master’s degree in Mechanical Engineering, graduating in 2001 from MIT.

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Richard Cech

Senior bank examiner, operational risk governance, financial institution supervision group

Federal Reserve Bank of New York

Rick is a Senior Bank Examiner. He joined the Operational Risk Governance unit at the New York Fed in December, 2011 in the Financial Institutions Supervisory Group (FISG).

Rick began his career as a municipal finance attorney, then joined J.P. Morgan & Co., where played a variety of roles in markets and investment banking. In the late 1990s, Rick joined J.P. Morgan's original operational risk development team. There, he was responsible for framework development tasks and loss data collection and reporting systems. While at J.P. Morgan, Rick chaired the IIF subcommittee that drafted the finance industry's recommendations for Basel II event type categories, and later participated in the definition of loss data recording standards for the Operational Risk data eXchange (ORX). Before joining the Fed, Rick was an operational risk framework consultant for RiskBusiness International, designing customized taxonomic models and structured risk management programs for institutional clients.

Rick has been a writer, speaker and business school instructor on operational risk topics. He received a B.A. (Economics) and M.A. (Organizational Behavior) from Yale University, and a J.D. from University of Connecticut School of Law (Law Review, lead articles editor).

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Rajeev Davé

Americas head of surveillance

Barclays

Rajeev (Raj) Davé has over 20 years of Compliance, Information Security, Operational Risk and Financial/IT Audit experience. Currently, Davé is the Americas Head of Surveillance at Barclays based in New York City. His work is focused on managing functions and compliance risks across E-Communication, Trade and Control Room activities supporting Barclays businesses across the Americas region. Previously, Davé spent almost 9 years as a VP working in Compliance and Internal Audit with Goldman Sachs in the Chicago, Salt Lake City, New York and Bangalore, India offices. He also spent almost 5 years at the Bank of Montreal Group of Companies in Operational Risk and IT Audit and almost 2 years with KPMG in their Information Risk Management practice. He also practiced risk management at an internet startup venture early in his career and is very interested in researching and deploying enterprise risk techniques to disruptive and emerging technology centric organizations. Over the course of his career Davé has developed and delivered live risk management training to over 10,000 individuals on 5 continents. He thoroughly enjoys classroom engagement with students and is an avid believer in bringing, where applicable, real life examples into the class room to enhance group discussions and learning. Davé has a B.S. in Accountancy from the University of Illinois Urbana-Champaign, an M.S. in Information Systems Management from Loyola University in Chicago, an M.B.A. from the University Of Chicago Booth School Of Business and is a registered Certified Public Accountant in the state of Illinois (Inactive) status.
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Michael J Abriatis

Executive vice president, chief operational risk officer

PNC BANK

Michael J. Abriatis serves as PNC's Chief Operational Risk Officer. His is responsible for leading the PNC Operational Risk program. This includes both defining and implementing the PNC's Operational Risk program as well performing independent risk management activities.

He previously served as Chief Operating Officer for Corporate and Institutional Banking. In this role he was responsible for building the C&IB Business Risk Office as well as client analytics, communications, sales reporting, Canada Branch oversight, continuous improvement projects, and client experience initiatives.

Abriatis joined PNC in 2003 and has held numerous positions across PNC. Previous positions include Sr. Basel Program Manager, CFO Corporate Banking, CFO Wholesale Bank (National City Bank), Sr. Sourcing Manager and Business Improvement Consultant.

Michael has an undergraduate degree from Washington & Jefferson College and a MBA from Case Western Reserve's Weatherhead School of Business.

 

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Steve Marlin

Staff writer

Risk.net

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Jay Newberry

Lecturer, ERM program

Columbia University

Lecturer, ERM Program, Columbia University
Managing Director, Head of ORM Framework, Citi (retired)
Principal, Greenwich Risk Management Consulting

Jay Newberry has over thirty years of experience in risk management.  He is currently a Lecturer in the Enterprise Risk Management Program at Columbia University teaching courses in Operational Risk Management, and Traditional Risk and ERM Practices.

Jay recently retired from Citigroup where he was responsible for the global Operational Risk Policy and Framework for identifying, assessing, monitoring, and communicating operational risk and the overall effectiveness of the control environment.

His responsibilities included standards for Risk Identification and Monitoring, spanning risk appetite, key operational risks and key indicators, and concentration risk.  He was also responsible for standards for Scenario Analysis and related stress loss forecasting processes.

In addition, Jay established and oversaw the independent verification processes for operational risk covering Basel AMA and CCAR and has facilitated a number of key global operational risk management governance committees.

Jay led U.S. regulatory relations for operational risk and partnered across Citi on global regulatory matters.

In his most recent role, he had responsibility for developing Citi’s Lessons Learned Policy and program, spanning all risk types.

Jay’s prior experience at Citi included leadership positions in developing and executing credit risk analytics, portfolio derivatives, risk capital, and credit portfolio management tools.  He began his banking career as Senior Analyst in Citi’s Corporate Finance Analysis Department where he engaged in marketing initiatives and credit approvals for the large corporate market.

Currently Jay is Principal, Greenwich Risk Management Consulting, focused on Enterprise Risk Management and Operational Risk Management in the financial services industry.

Jay earned his BA degree in Economics from Middlebury College and his MBA from the Tuck School at Dartmouth.

 

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Richard Berner

Clinical professor of finance, co-director, the Volatility and Risk Institute

NYU Stern School of Business

Professor Berner served as the first director of the Office of Financial Research (OFR) from 2013 until 2017. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 established the OFR to support the Financial Stability Oversight Council, the Council’s member organizations and the public. The OFR’s mission is to promote financial stability by delivering high-quality financial data, standards and analysis.

He was counselor to the Secretary of the Treasury from April 2011 to 2013. His principal responsibilities included advising the Secretary on financial and regulatory issues and starting up the Office of Financial Research.

Professor Berner was a managing director, chief US economist at Morgan Stanley from 1999 to 2011 and co-head of Global Economics from 2008 to 2011.

He was executive vice president and chief economist at Mellon Bank, and a member of Mellon's Senior Management Committee (1992-99). Previously, he served as a principal and senior economist for Morgan Stanley, as a director and senior economist for Salomon Brothers (1985-91), as economist for Morgan Guaranty Trust Company (1982-85) and as director of the Washington, DC, office of Wharton Econometrics (1980-82).

Professor Berner served on the research staff of the Federal Reserve in Washington, where he co-directed the Fed’s model-based forecast and was a member of the team that developed the Fed’s first multi-country model used for international policy analysis (1972-80). He has been an adjunct professor of economics at Carnegie-Mellon University and at George Washington University.

He is an advisor to FinRegLab, an innovation center that tests new technologies and data to inform public policy and promote a responsible and inclusive financial marketplace. He is a member of the Milken Fintech initiative, led by former OCC head Tom Curry and former Treasury official Melissa Koide. He is a senior advisor to MacroPolicy Perspectives, an economic consulting firm. He is a member of the Board of Advisors of HData, which helps data companies involved in RegTech and Legal Tech solutions. He is a member of the IMF panel of experts for financial stability.

Professor Berner has been a member of the Economic Advisory Panel of the Federal Reserve Bank of New York, a member of the Panel of Economic Advisers of the Congressional Budget Office, a member of the Executive Committee of the Board of Directors of the National Bureau of Economic Research, a member of the Advisory Committee of the Bureau of Economic Analysis, Department of Commerce, a member of the Board of Directors of the Penn Institute for Economic Research and a member of the Board of Advisors of Macroeconomic Advisers, LLC. He served as an associate for the Counterparty Risk Management Policy Group II. He is a Past President and Fellow of the National Association for Business Economics and is the past chair of the Economic Advisory Panel of the Bond Market Association. He is the winner of forecasting awards from Market News and the National Association for Business Economics, the 2007 recipient of the William Butler Award for Excellence in Business Economics and has been a member of Time’s Board of Economists.

He received his bachelor’s degree magna cum laude in Economics from Harvard College in 1968, and his PhD in Economics from the University of Pennsylvania in 1976. He researched his dissertation under the supervision of Professor Lawrence Klein, and was funded by SSRC-Ford Foundation grants at both the University of Louvain, Belgium, and at the University of Bologna, Italy, from 1971-72.

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Rajat Bajal

Head of enterprise risk

Northview Group

Rajat Baijal is the Head of Enterprise Risk at the Northview Group. In this role, he is responsible for designing and embedding a robust Risk Framework across the firm. This includes articulating and implementing a robust Risk & Control Self-Assessment (RCSA), Risk Event Management, Key Risk Indicators etc. and ensuring that the Board is suitably informed about all material issues. Rajat has an MBA in Finance and has previously worked for Cantor Fitzgerald, Lloyds Banking Group and Aviva specialising in global implementation of their Risk Framework. Rajat is a regular speaker at risk conferences across London and New York and has authored a number of articles for risk journals/textbooks.

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Ken Abbott

Professor

Baruch College

Ken Abbott is currently on the faculty at Baruch College where he teaches both undergraduate and graduate students. He also is an adjunct faculty member at Claremont Graduate University and NYU. Until May 2018, he served as Chief Risk Officer for the Americas at Barclays a position he held since 2015. Prior to that, he spent nine years at Morgan Stanley, where he served as Chief Operating Officer for all Firm Risk. He also covered Commodities, Rates, FX, Retail and Emerging Markets businesses at Morgan Stanley, and was CRO for Its buy-side activity. Mr. Abbott spent 14 years at Bankers Trust in a number of trading, research and risk management roles. He also spent over 5 years at Bank of America in several senior Market Risk Management roles. Mr. Abbott currently sits on the Boards of the New Jersey Scholars Program, the Harvard Club of New Jersey, and CGU’s Financial Engineering Program, where he has recently been appointed as a Senior Fellow. Mr. Abbott has a Bachelor of Arts in Economics from Harvard University; a Master of Arts in Economics and Master of Science in Statistics and Operations Research from New York University. Mr. Abbott is an avid musician, playing clarinet, saxophone, oboe, English horn, and tuba.

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Marcelo Cruz

former Lehman Brothers employees in 2008, former CRO and industry veteran now a founder of YACAMY ADVISORS

YACAMY ADVISORS

Marcelo Cruz is the Managing Partner of Yacamy Advisors, a boutique consulting firm. He is also the Editor-in-Chief of the Journal of Operational Risk and an adjunct professor at the New York University. Previously he was the Chief Risk Officer of Ocwen Financial and Aviva plc and global head of operational risk at Morgan Stanley and Lehman Brothers. He is always a junior partner at McKinsey & Co. He holds a PhD in Mathematics by the Imperial College in London, a M.Sc. in Financial Mathematics, an MBA and a B.Sc. in Economics.

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Timothy Carmon, CPA CGMA

Head of enterprise risk and control assessments

Massachusetts Mutual Life Insurance Company

Tim is the head of Enterprise Risk and Control Assessments, an area of Enterprise Risk Management (ERM). Tim joined MassMutual in 2006 as part of a team to implement a sustainable program to assess internal controls over financial reporting. Since joining the company, Tim has worked in a variety of risk management capacities including geographic risk concentration, Own Risk and Solvency Assessment (ORSA) and other regulatory risk compliance, and risk maturity assessment. Currently, Tim oversees multiple risk areas including Liquidity Risk, Operational risk, Model Risk, Financial Reporting Risk (including SOC 1 and SOC 2 reporting), and Third-Party Risk. Tim also oversees the Enterprise Risk Appetite and Top Risk programs that identify, assess and quantify the top risks facing the company in the immediate and long term in both normal and stress conditions. 
Prior to joining MassMutual, Tim worked at Deloitte in the Audit and Assurance Department with a focus on the life insurance industry. 
Tim graduated from the University of Richmond in Richmond, VA with a BS in Accounting and a BA in Religion. 

 

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Jayati Chaudhury

Financial crime, AML transaction monitoring , global IB lead (MBA, CAMS)

Barclays

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Jason Conn

Director, head of electronic trading operational risk management

Citi

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Graeme Farrell

Global head of operational risk

AQR Capital Management

Graeme Farrell is a Managing Director and Chief Operational Risk Officer at AQR Capital Management, a global investment management firm. In this role he is responsible for designing, building and maintaining all components of the Firmwide ORM Framework. Prior to joining AQR, Graeme was the Global Head of Operational Risk Management Framework at JP Morgan Chase. Graeme has an M.A. in International Financial Analysis and a B.A. in Accounting & Law.

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Yogesh Mudgal

Director, emerging technology risk

Citi

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Jim Barkley

Global head of core compliance services  

Credit Suisse

 

Jim Barkley is a Managing Director of Credit Suisse, based in New York. He is the Global Head of Core Compliance Services (CCS) and a member of the Compliance Executive Committee. In his role, Jim is responsible for the bank-wide design and execution of central strategies related to Surveillance, Compliance Training, Policies, Monitoring & Testing, Control Improvements, and Conduct Risk. Jim also oversees the compliance coverage for regulatory adherence to Cross Border, Client Tax, and the Foreign Account Tax Compliance Act (FATCA).

 

Jim is presently the co-chair of the CARMC ICS, the Internal Control System cycle of the Executive Board’s Capital Allocation and Risk Management Committee.

 

Jim joined Credit Suisse in 2016 from JP Morgan Chase where he was Chief Administration Officer and Head of the Corporate and Investment Bank Compliance Practices. Prior to that, he was Head of Compliance Strategy across JP Morgan Chase and member of the Compliance Executive team. Jim is a well-known leader in the Compliance profession where he has pioneered many aspects of Compliance Risk and innovative technology. Before he entered the Compliance profession, he was a foreign exchange and proprietary trader/supervisor at various investment and commercial banks.

 

Jim holds a Bachelor degree from Columbia University and a Master in Finance from Baruch's Zicklin Business School.

 

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Rami Shy

Deputy global head of conduct risk management

Citi

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Michael Barton

Senior director of quantitative assessments

United Health Group

Michael Barton is the Director of Operational Risk Quantification and Scenario Analysis at AIG.  In his role, he leads the development and implementation of operational risk stress testing, economic capital estimation, and allocation of those estimates to the business lines, as well as supporting the development of and quantification of operational loss scenarios for the organization.  In this role, Michael has worked extensively with cyber and business professionals around identifying and quantifying cyber risk.  Before working at AIG, Michael was the Head of the Regulatory Solutions Quantification group in U.S. Bank’s Corporate Treasury department.  In this role, he was responsible for CCAR/DFAST and Regulatory Capital modeling for Operational Risk as well as setting up a governance framework for models and analytical tools in the Corporate Treasury department.  Previous to those roles, Michael worked in an actuarial capacity at Sun Life Financial in Boston handling variable annuity reserving, fixed and variable annuity lapse study estimations, and retirement product pricing.  He held a similar variable annuity reserving role in Security Benefit Corporation in Topeka, KS before that.  Michael has a Bachelor’s Degree in Mathematics with an Actuarial Emphasis, and a Master’s Degree in Theology.

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Joseph Iraci

MD, financial risk management, CRO, futures and forex

TD Ameritrade

Joe Iraci is a Managing Director at TD Ameritrade where he heads the Financial Risk Management team. Prior to this position he headed the Financial Markets Services Group, and the Corporate Risk team. Prior to joining TD Ameritrade Joe held several senior risk management positions within Fidelity Investments at both Fidelity Employer Services Corporation and Fidelity Brokerage Company. Joe previously had been the Head, New Business Operations, UBS AG, and the Regional Head Americas / Deputy Global Head of Operational Risk at Deutsche bank AG, a position he assumed from heading the Business Risk Management for Deutsche Bank's Corporate Trust and Agency Services business. Prior to joining Deutsche Bank, Joe had been a Bank Examiner with the FDIC and served in the United States Marine Corps. Joe completed his undergraduate studies at St. John's University and received his MBA from New York University.

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Alexander Campbell

Divisional content editor

Risk.net

Alexander Campbell is the divisional content editor for Risk.net. He was formerly the editor of Operational Risk & Regulation and news editor of Risk magazine. He is based in London.

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Etsuko "Ekko" Fuseya Jennings

Managing Director

MORGAN STANLEY INVESTMENT MANAGEMENT

Etsuko (Ekko) Jennings is Global Head of Operational Risk for Morgan Stanley Investment Management. In this role, she is responsible for ongoing analysis, reporting, and mitigation of Operational Risk covering both public and private assets. She joined Morgan Stanley Investment Management in 1995 and has over 25 years of financial industry experience. Her recent areas of focus include 3rd party risk management, change management and KRI/KPI implementation. Ekko received an undergraduate degree from Keio University in Japan and has a Master's Degree in International Relations from University of North Carolina-Chapel Hill. She serves as a co-chair of SIFMA AMF Operational Risk Committee.

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Ken Horton

Senior director, operational risk methodologies

Royal Bank of Canada

Ken has over 20 years of experience in the financial services industry in the areas of Operational Risk, Audit and Technology.  In his current role at RBC as Head of Operational Risk Methodologies, he leads the efforts to optimize and monitor the effectiveness of the Bank’s core Operational Risk methodologies in line with the changing business operating environment and regulatory landscape.  

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Tom Osborn

Editor, risk management

Risk.net

Tom Osborn is the desk editor of Risk.net’s risk management coverage. Prior to joining Risk, he reported on the futures and foreign exchange industries for Dow Jones' Financial News and the Euromoney group of publications. Tom holds a bachelor’s degree in English literature from the University of Warwick, UK.

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Anne-Sophie Gug

Program lead – GRC

Société Générale

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Jason Granet

Head of firmwide Libor transition efforts

Goldman Sachs

Jason is responsible for the firm's London Inter-bank Offered Rate (LIBOR) transition efforts. Previously, he was deputy head of Liquidity Solutions for Goldman Sachs Asset Management (GSAM). From 2010 to 2017, Jason was the head of International Liquidity Portfolio Management for GSAM, responsible for the management of international liquidity portfolios. From 2007 to 2010, he was co-head of the Secured Funding team on the Central Funding desk, where he and his team were responsible for all financing transactions and financing counterparty relationships across the Investment Management Division. Prior to that, Jason worked in the portfolio and risk strategy group of GSAM’s Fixed Income team from 2004 to 2007. Before joining GSAM, he was an analyst in Fixed Income Operations. Jason joined Goldman Sachs in 2000 and was named managing director in 2012. Jason was recognized by Financial News as one of the “FN 40 Under 40 Rising Stars of Asset Management” in 2013 and 2014. Jason serves on the Board of Trustees of Fairy Bricks. Jason earned a BA in Economics from the University of Michigan in 2000.

John Keighley

Head of operational risk

Citadel

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Penny Cagan

Managing Director

MUFG

Penny is a Managing Director and Head of Operational Risk Governance for the Americas with MUFG Union Bank, where she currently manages the Operational Risk framework, practices, regulatory responses and core programs. Operational Risk & Regulation magazine awarded Penny three awards for her contribution to the field of operational risk, including a special industry award in 2011. Penny has published widely, including authoring the chapter on Risk and Control Self Assessments for the PRMIA Operational Risk Manager Handbook.
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Yakut Akman

Independent representation, current chief third party management officer

Citi

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Gordon Liu

Head of wholesale and markets risk analytics

HSBC

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Alice Wang

Managing director corporate and investment bank strategy

J.P. Morgan Chase

Alice has been with the Firm for 34 years, working across trading and sales businesses within the CIB, focusing on risk, operations, technology, business development, business strategy, sales, and structuring. 

She is currently in the CIB Strategy Group, working on crypto and blockchain initiatives, digital initiatives, and benchmark reform.  Alice is a member of the Alternative Reference Rate Committee and sits on the Firm’s internal steering committee overseeing Libor transition.   Until recently, she was also the Chair of the North American Reputation Risk Committee in the CIB, a role she held for over a decade.

Prior to her strategy role, Alice originated and ran the Operational Risk Management function for the global CIB for 4 years. Before that she was a senior sales manager in Global Fixed Income, where she specialized in strategic and special situations across sales, trading, and coverage banking.  Alice also globally managed structural risks associated with many of the Firm’s flow derivatives clients and activities.  

She is on the executive committee of the CIB women’s diversity network, and is the senior sponsor for several junior women initiatives.    She was the head of Diversity and Inclusion for CIB Risk, and was the Culture and Conduct Head for Firm Wide Risk.   She is also part of the Asian Executive Forum.

Alice has won numerous awards, and has been profiled in publications ranging from Top Women in Retail and Finance to The New York Times to Elle Magazine.  She has also been active in the industry, having served on a number private and public sector working committees and task forces, focused on structural changes to capital markets.   She has also spoken on numerous industry panels.
 

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Dr. Yonesy Nunez

Senior vice president, information security

Wells Fargo

Yonesy F. Núñez is the Group Information Security Leader for Wholesale, Wealth and Investment Management & International for Wells Fargo Enterprise Information Security.  Prior to joining Wells Fargo, Yonesy was SVP and Group Information Security Officer – Enterprise Strategy for Citi’s Corporate Center Businesses where he helped promote business objectives by aligning and utilizing information security risk management as a business differentiator throughout Citi.   He was also the Practice Leader for PwC’s Philly Metro IT Risk & Security Assurance Practice, CISO - Director of Information Security at The New School, CISO - Global Manager, IT Governance, Security, and Compliance at Pall Corporation where he introduced the first holistic global information security, IT governance, and compliance programs. 

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Andrew Richardson

former VP, enterprise and operational risk management

COAST CAPITAL SAVINGS

Andrew Richardson is experienced in developing, implementing, and leading risk management at Canadian federally regulated financial institutions. Andrew was appointed Vice President Enterprise & Operational Risk Management in March 2017. Since joining Coast, Andrew led the development of both the Enterprise Risk and Operational Risk functions, levering his knowledge of both these functions at federally regulated financial institutions and at a large credit union in Ontario. Prior to joining Coast, Andrew was Director Risk Management with Meridian Credit Union (Meridian) in St. Catharines, Ontario. In this role, Andrew led the assessment and remediation planning of Meridian's risk management practices to align with Canadian Federal Regulations. Prior to joining Meridian, Andrew was with BMO Financial Group (BMO) where he held roles in product management and operational risk management.

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Eric Lui

Professor

New York University

Bridging social innovation and education using emergent technologies, entrepreneurship, diversity and inclusion for next generational impact
Eric Lui is a senior executive/board advisor, emergent technology innovator/entrepreneur, angel investor and transformational thinker with over 20 years of experience in the financial services, technology, academia, and public sectors. Eric has served over two dozens clients globally within the Financial Services, Healthcare, Supply Chain, Technology areas, internationally recognized and is involved in numerous social impact initiatives with organizations like the United Nations’ via the Global Summit, Sustainability Development Goals (SDG2030) Forum; Science Technology and Innovation (STIC) Forum, Brookings Institute, and US Chamber of Commerce. He has also contributed thought leadership and articles around Finance, Technology & Innovation, Risk Management and has spoken, keynoted, paneled, and published in CIO, Leadership Council, Waters Technology, RiskUSA, Professionals Risk Management Association, Asian American Business Development Council, Sino-Asian Pharma Association, US-China Foreign Relations and many more prominent events/institutions. 
Eric is a distinguished professor at New York University and City University of New York’s Baruch College where he teaches Business Strategy, Innovation, and Organizational Ethics. He has been recognized as the Global Outstanding 50 Asian Americans for his accolades and contributions to business, academia and social communities. He was also nominated for OnTechnology’s Global Disruptor and Innovator Award and FinExt Excellence Award in Finance in 2019. Through his involvement, he has been invited to across local and international colleges to speak with students, student organizations, and industry associations on mentoring, career inspiration, and diversity and inclusion. He has mentored and lectured to over thousands of next generational leaders/students, new workforce employees, employee resource groups on:  
•    4th Industrial Revolution – “Innovation as a culture and how organizations embrace 4IR”
•    Workplace Innovation – “Development & Training, Innovation Labs and Inclusive Innovation”
•    Diversity & Inclusion – “How D&I is changing the culture and conduct landscape”
•    Mentoring – “Importance of mentorship, where to find and how to ask for one”
•    Entrepreneurship – “Taking control and making your own luck” 
•    Organizational Behavior & Ethics – “Your role as an ethical practitioner when organizations are disrupted” 
•    Technology – “Acknowledge it. Understand It. Embrace It.” 
•    Upskilling/Re-skilling – “How to transform yourself when the robots invade”
•    Social Impact Innovation for the greater good – “Investing the next billion dollars for the billions in society”

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Emil Matsakh

Chief analytics officer (former)

Commonwealth Bank of Australia

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Karine Darakdjian

Third party risk expert

Karine Darakdjian


An accomplished third-party risk management professional with hands-on experience in vendor risk management frameworks. Karine graduated from law school and supported several compliance and third-party management functions in financial institutions and independently. Karine is fascinated by continued growth of third-party relationships and complexity of risks that come with it. In her free time, Karine loves spending time with her family and friends, painting and volunteering.

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Michael Kenney

Vice President Operational Risk Asset Management and Operations Multifamily

FreddieMac

As Vice President of Operational Risk, Michael leads the first line of defense risk management for financial crimes, privacy and information security, business resiliency, vendor management and compliance with regulatory requirements. Mike and his team establishes the risk direction by aligning the Multifamily Governance Framework with the business operating model. He continually improves governance by understanding the multifaceted drivers that effect risk environment.

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Tanya Weisleder

Global Head Conduct Risk

Credit Suisse

Tanya joined Credit Suisse in January 2017 from Citi where she spent 16 years in various senior Business, Risk and Compliance roles; her most recent roles included the North America Head of Conduct Risk and Head of Risk Management Practices for the US & Latin America International Private Banking Business. 

At Credit Suisse Tanya is the Global Conduct Risk Head focused on the continual development of the Global Conduct Risk Strategy. She is a regular speaker on Conduct Risk at the biannual risk.net training industry training forum.  Tanya obtained a Masters in International Affairs from Columbia University in New York, NY in May 2000 and a Bachelor of Arts in International Careers from the Lehigh University in Bethlehem, PA. 

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Richard Cech

Senior bank examiner, operational risk governance, financial institution supervision group

Federal Reserve Bank of New York

Rick is a Senior Bank Examiner. He joined the Operational Risk Governance unit at the New York Fed in December, 2011 in the Financial Institutions Supervisory Group (FISG).

Rick began his career as a municipal finance attorney, then joined J.P. Morgan & Co., where played a variety of roles in markets and investment banking. In the late 1990s, Rick joined J.P. Morgan's original operational risk development team. There, he was responsible for framework development tasks and loss data collection and reporting systems. While at J.P. Morgan, Rick chaired the IIF subcommittee that drafted the finance industry's recommendations for Basel II event type categories, and later participated in the definition of loss data recording standards for the Operational Risk data eXchange (ORX). Before joining the Fed, Rick was an operational risk framework consultant for RiskBusiness International, designing customized taxonomic models and structured risk management programs for institutional clients.

Rick has been a writer, speaker and business school instructor on operational risk topics. He received a B.A. (Economics) and M.A. (Organizational Behavior) from Yale University, and a J.D. from University of Connecticut School of Law (Law Review, lead articles editor).

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Deborah Hrvatin

Chief risk officer

CLS Group

Deborah Hrvatin is a Managing Director and the Global Head of Institutional Clients Group (ICG) Operational Risk Management at Citigroup, reporting to the ICG Chief Risk Officer. Deborah is responsible for improving risk management, strengthening controls, and enabling profitable growth within risk appetite. Deborah joined Citigroup in July 2017 from Deutsche Bank where she most recently was Managing Director and Head of Operational Risk for the Americas and the Global Corporate Finance division. During her 21 year tenure at Deutsche Bank, Deborah held numerous other roles including Head of Operational Risk for the Corporate Banking and Securities division where she was responsible for developing and implementing the division's operational risk management, supervision and information security framework. Deborah also held leadership roles within the business, including Chief Operating Officer for Deutsche Bank's Global Securitization Group.

Prior to joining Deutsche Bank in 1999, Deborah was an Equities Controller with Bankers Trust Company and also served as a Commissioned Bank Examiner with the Federal Reserve Bank of New York. 

Deborah received her BBA and MBA in International Finance from Hofstra 
University.

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Dolores (Lori) Miller

Head of operational risk

AIG Investments

Dolores (Lori) Miller, CFA is Managing Director, Head of Operational Risk for AIG Investments. Lori is responsible for executing the Operational Risk framework for Investments including RCSAs, risk assessment, and governance. Lori works to promote a proactive risk culture through key processes around new business, model risk, and risk event reporting.
Prior to joining AIG, Lori was Head of Client & Operational Risk for Deutsche Bank GTB Americas region with responsibility for the development and implementation of methodologies, processes, and tools to measure, report, and mitigate key operational risks and emerging risk. Prior to Deutsche Bank, Lori was the Head of Bank Operational Risk Oversight for the Americas region at Credit Suisse. Before her Operational Risk roles, Lori was Managing Director and Head of Asset Management at AMBAC; head of Taxable Fixed-Income portfolio management at American Express; and was a private placement portfolio manager with AIG. Lori has her Bachelors in Finance and her MBA in Finance from The Ohio State University, and is a CFA.

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Jay Newberry

Lecturer, ERM program

Columbia University

Lecturer, ERM Program, Columbia University
Managing Director, Head of ORM Framework, Citi (retired)
Principal, Greenwich Risk Management Consulting

Jay Newberry has over thirty years of experience in risk management.  He is currently a Lecturer in the Enterprise Risk Management Program at Columbia University teaching courses in Operational Risk Management, and Traditional Risk and ERM Practices.

Jay recently retired from Citigroup where he was responsible for the global Operational Risk Policy and Framework for identifying, assessing, monitoring, and communicating operational risk and the overall effectiveness of the control environment.

His responsibilities included standards for Risk Identification and Monitoring, spanning risk appetite, key operational risks and key indicators, and concentration risk.  He was also responsible for standards for Scenario Analysis and related stress loss forecasting processes.

In addition, Jay established and oversaw the independent verification processes for operational risk covering Basel AMA and CCAR and has facilitated a number of key global operational risk management governance committees.

Jay led U.S. regulatory relations for operational risk and partnered across Citi on global regulatory matters.

In his most recent role, he had responsibility for developing Citi’s Lessons Learned Policy and program, spanning all risk types.

Jay’s prior experience at Citi included leadership positions in developing and executing credit risk analytics, portfolio derivatives, risk capital, and credit portfolio management tools.  He began his banking career as Senior Analyst in Citi’s Corporate Finance Analysis Department where he engaged in marketing initiatives and credit approvals for the large corporate market.

Currently Jay is Principal, Greenwich Risk Management Consulting, focused on Enterprise Risk Management and Operational Risk Management in the financial services industry.

Jay earned his BA degree in Economics from Middlebury College and his MBA from the Tuck School at Dartmouth.

 

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Tom Osborn

Editor, risk management

Risk.net

Tom Osborn is the desk editor of Risk.net’s risk management coverage. Prior to joining Risk, he reported on the futures and foreign exchange industries for Dow Jones' Financial News and the Euromoney group of publications. Tom holds a bachelor’s degree in English literature from the University of Warwick, UK.

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Rajeev Davé

Americas head of surveillance

Barclays

Rajeev (Raj) Davé has over 20 years of Compliance, Information Security, Operational Risk and Financial/IT Audit experience. Currently, Davé is the Americas Head of Surveillance at Barclays based in New York City. His work is focused on managing functions and compliance risks across E-Communication, Trade and Control Room activities supporting Barclays businesses across the Americas region. Previously, Davé spent almost 9 years as a VP working in Compliance and Internal Audit with Goldman Sachs in the Chicago, Salt Lake City, New York and Bangalore, India offices. He also spent almost 5 years at the Bank of Montreal Group of Companies in Operational Risk and IT Audit and almost 2 years with KPMG in their Information Risk Management practice. He also practiced risk management at an internet startup venture early in his career and is very interested in researching and deploying enterprise risk techniques to disruptive and emerging technology centric organizations. Over the course of his career Davé has developed and delivered live risk management training to over 10,000 individuals on 5 continents. He thoroughly enjoys classroom engagement with students and is an avid believer in bringing, where applicable, real life examples into the class room to enhance group discussions and learning. Davé has a B.S. in Accountancy from the University of Illinois Urbana-Champaign, an M.S. in Information Systems Management from Loyola University in Chicago, an M.B.A. from the University Of Chicago Booth School Of Business and is a registered Certified Public Accountant in the state of Illinois (Inactive) status.
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Joseph Iraci

MD, financial risk management, CRO, futures and forex

TD Ameritrade

Joe Iraci is a Managing Director at TD Ameritrade where he heads the Financial Risk Management team. Prior to this position he headed the Financial Markets Services Group, and the Corporate Risk team. Prior to joining TD Ameritrade Joe held several senior risk management positions within Fidelity Investments at both Fidelity Employer Services Corporation and Fidelity Brokerage Company. Joe previously had been the Head, New Business Operations, UBS AG, and the Regional Head Americas / Deputy Global Head of Operational Risk at Deutsche bank AG, a position he assumed from heading the Business Risk Management for Deutsche Bank's Corporate Trust and Agency Services business. Prior to joining Deutsche Bank, Joe had been a Bank Examiner with the FDIC and served in the United States Marine Corps. Joe completed his undergraduate studies at St. John's University and received his MBA from New York University.

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Ken Abbott

Professor

Baruch College

Ken Abbott is currently on the faculty at Baruch College where he teaches both undergraduate and graduate students. He also is an adjunct faculty member at Claremont Graduate University and NYU. Until May 2018, he served as Chief Risk Officer for the Americas at Barclays a position he held since 2015. Prior to that, he spent nine years at Morgan Stanley, where he served as Chief Operating Officer for all Firm Risk. He also covered Commodities, Rates, FX, Retail and Emerging Markets businesses at Morgan Stanley, and was CRO for Its buy-side activity. Mr. Abbott spent 14 years at Bankers Trust in a number of trading, research and risk management roles. He also spent over 5 years at Bank of America in several senior Market Risk Management roles. Mr. Abbott currently sits on the Boards of the New Jersey Scholars Program, the Harvard Club of New Jersey, and CGU’s Financial Engineering Program, where he has recently been appointed as a Senior Fellow. Mr. Abbott has a Bachelor of Arts in Economics from Harvard University; a Master of Arts in Economics and Master of Science in Statistics and Operations Research from New York University. Mr. Abbott is an avid musician, playing clarinet, saxophone, oboe, English horn, and tuba.

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Alexander Campbell

Divisional content editor

Risk.net

Alexander Campbell is the divisional content editor for Risk.net. He was formerly the editor of Operational Risk & Regulation and news editor of Risk magazine. He is based in London.

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Michael J Abriatis

Executive vice president, chief operational risk officer

PNC BANK

Michael J. Abriatis serves as PNC's Chief Operational Risk Officer. His is responsible for leading the PNC Operational Risk program. This includes both defining and implementing the PNC's Operational Risk program as well performing independent risk management activities.

He previously served as Chief Operating Officer for Corporate and Institutional Banking. In this role he was responsible for building the C&IB Business Risk Office as well as client analytics, communications, sales reporting, Canada Branch oversight, continuous improvement projects, and client experience initiatives.

Abriatis joined PNC in 2003 and has held numerous positions across PNC. Previous positions include Sr. Basel Program Manager, CFO Corporate Banking, CFO Wholesale Bank (National City Bank), Sr. Sourcing Manager and Business Improvement Consultant.

Michael has an undergraduate degree from Washington & Jefferson College and a MBA from Case Western Reserve's Weatherhead School of Business.

 

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Penny Cagan

Managing Director

MUFG

Penny is a Managing Director and Head of Operational Risk Governance for the Americas with MUFG Union Bank, where she currently manages the Operational Risk framework, practices, regulatory responses and core programs. Operational Risk & Regulation magazine awarded Penny three awards for her contribution to the field of operational risk, including a special industry award in 2011. Penny has published widely, including authoring the chapter on Risk and Control Self Assessments for the PRMIA Operational Risk Manager Handbook.
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Steve Marlin

Staff writer

Risk.net

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Bala Ayyar

Managing director, chief data officer - Americas

Societe Generale

Born and brought up in Mumbai India, Bala Ayyar has worked in the field of Finance & Accounting and Banking for more than thirty years. Bala holds professional accounting qualifications from both India and the United States. He has an undergraduate degree in mathematics from the University of Mumbai.
Since joining SG in 2009, he has held a range of positions. Currently, he is the Chief Data Officer, SG Americas, with responsibility for data management and governance within the Region. This function is responsible for implementing the requirements of BCBS 239, establishing sound data governance framework that meets Group needs and local supervisory expectations and creating a solid platform for the data to be leveraged for strategic business decisions. Prior to that, he headed up the Project Management Office for the SG US Transformation project. Roles before that included Head of Finance Offshoring in SG Bangalore and Deputy CFO of the Americas Region of their Corporate & Investment Bank.
Prior to joining SG, Bala was with the Imperial Bank of Commerce (CIBC) for fourteen years in a range of positions in Toronto and New York. As Senior Vice President of the Wholesale North America Finance, he headed up the controllership function for CIBC's World Markets and Treasury & Risk Management Strategic Business Units within North America. With a total team of about 175 individuals across Toronto and New York, he was responsible for establishing a SOX-compliant industry-leading Finance control environment as well as supporting the efficient execution of business initiatives and managing the Finance related US regulatory relationships during a very demanding period. Prior to that, he also had stints as the business-line controller for the Bank's US origination businesses (Corporate Lending, Investment Banking, Merchant Banking, Structured Finance and High Yield), as well as the 2/ic to the Chief Accountant, with responsibility for consolidated financial, management and regulatory reporting at the corporate level.
Prior to CIBC, he was with the public accounting firm of KPMG for 10 years, mostly in Bahrain in the Middle East. He held a range of positions culminating in Senior Manager. Responsible for assurance and consulting engagements for offshore banks, focused on technical excellence, customer satisfaction and practice profitability. He was the Engagement Senior Manager for the region's second-largest bank and also played a key role in setting up a Treasury consulting specialization within KPMG Bahrain.
Bala Ayyar lives in Basking Ridge, New Jersey, is married with two children and enjoys long-distance running.

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Anne-Sophie Gug

Program lead – GRC

Société Générale

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Flora Sah

CRO, data technology and enterprise initiatives

Bank of America

Flora Sah is the Chief Risk Officer for Global Risk Management at Bank of America. She is the lead risk partner and central delivery conduit, responsible for driving ownership, execution, and oversight between the technology teams and the horizontal risk functions to provide a holistic view of all risks and create robust future state strategy and implementation roadmap.

Before joining Bank of America, Flora was the executive advisory council at Gerson Lehrman Group, responsible for business advisory and technology consulting. Prior to that, Flora held multiple leadership roles at State Street Corporation, including COO of Enterprise Risk Management, Head of Risk & Regulatory Technology, and CTO & Head of Vendor Risk Management. Before joining State Street Corporation, Flora spent several years at Cambridge Technology Partners where she led consulting practices in financial services, retail, and healthcare industry.

Flora holds a M.S. in Engineering Management from Northeastern University and a B.S. in Industrial Engineering and Information Systems from the University of Massachusetts at Amherst.